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News

Check here frequently for the latest South Shore Bank news and community news. We also work hard behind the scenes to keep you up-to-date on news and developments on any possible fraud-related scams or incidents. Check out our Security Center for the latest updates or follow the prompts below. Current alerts will appear on our homepage as needed so they are top-of-mind and convenient to access.

July 23, 2018

We are excited to announce that our Business Online Banking APP is being updated to include enhanced security features now available to us.

Beginning sometime on or after July 20, 2018, you will see a message when attempting to log into Business Mobile Banking asking you to upgrade your Business Mobile Banking APP. Please do so as soon as possible to avoid any issues or access denials when logging into Business Mobile Banking.

June 14, 2018

South Shore Bank recently granted scholarships to more than a dozen students through the bank’s Citizenship Award Scholarship program. The event took place at a celebratory breakfast at the bank’s headquarters.

May 31, 2018

NOTICE

South Shore Bank in Weymouth, Massachusetts has petitioned the Massachusetts Division of Banks for permission to relocate a branch office from 88 Pleasant Street Weymouth, MA, to 51 Columbian Street Weymouth MA. The proposed relocation date is tentatively November 1, 2018. Any objections or comments relative to this proposal must be communicated in writing to the Commissioner of Banks, Terence McGinnis, 1000 Washington Street 10th floor, Boston, MA 02118 no later than two weeks from May 31, 2018.

April 20, 2018

April 12, 2018

Online Banking Security Notice

January 25, 2018

NOTICE

South Shore Bank in Weymouth, Massachusetts has petitioned the Massachusetts Division of Banks for permission to relocate a branch office from 680 Hancock Street Quincy, MA to 699 Hancock Street Quincy, MA. The proposed relocation date is tentatively May 31, 2018. Any objections or comments relative to this proposal must be communicated in writing to the Commissioner of Banks, Terence McGinnis, 1000 Washington Street 10th floor, Boston, MA 02118 no later than two weeks from January 23, 2018.

December 12, 2017

South Shore Bank is proud to announce the hiring of longtime banking leader, Paul Mollica, a 40-year veteran of New England banks who has built a reputation on his focus on customer service and sound financial advice.

November 1, 2017

South Shore Bank and Braintree Cooperative Bank announced regulatory and legal approval to merge operations under the South Shore Bank name. The merger will enable the combined bank to more effectively meet the needs of clients across the South Shore of Massachusetts. First announced in July, the transaction closed on October 31, 2017 and was commemorated by a ceremony at South Shore Bank headquarters.

October 25, 2017

South Shore Bank of Weymouth Massachusetts has petitioned the Massachusetts Division of Banks for permission to close a branch office at 501 John Mahar Highway, Braintree, MA 02184. Any objections or comments relative to this proposal must be communicated in writing to the Commissioner of Banks, Terrence A. McGinnis, 1000 Washington Street, 10th Floor, Boston, MA 02118 no later than two weeks from October 25, 2017.

July 19, 2017

South Shore Bank and Braintree Cooperative Bank today announced the signing of an agreement to merge operations under the South Shore Bank name. The merger will enable the combined Bank to more effectively meet the needs of customers across the South Shore of Massachusetts. Subject to regulatory approval, the transaction is expected to close in the fourth quarter of 2017 with the customer conversion scheduled to be complete in early 2018.

July 6, 2017

South Shore Bank is proud to announce that its 2017 Golf Classic will take place on Monday, October 2nd at Pinehills Golf Course in Plymouth and that proceeds from the Tournament will support the Bank's work on promoting community financial literacy programs. In the words of Bank President, Jim Dunphy, “This year's tournament will have us all swinging for financial literacy.”

June 27, 2017

South Shore Bank recently granted scholarships to more than a dozen students through the bank’s Citizenship Award Scholarship program. The event took place at a celebratory breakfast at the bank’s headquarters.

May 2, 2017

South Shore Bank was honored at the third annual Financial Capability Innovation Awards presented by the nation’s leading technology innovator, EverFi, Inc. Presented at Nasdaq Marketsite in New York City, the award recognizes South Shore Bank’s significant efforts to improve the financial capability of Americans through unique digital learning initiatives. Pictured are South Shore Bank President and CEO James Dunphy (left) and Vice President and Director of Commercial Services Daniel Picha.

Honorees were selected based on a set of criteria that included the scale and reach of their financial education initiatives, the duration of their commitment, and unique employee volunteering activities that supplement their programs. South Shore Bank has partnered with EverFi to bring its Financial Scholars Program, free of charge, to twenty six South Shore high schools.

January 9, 2017

October 6, 2016

Are you employed at an area community bank? Dream of integrating technology, communication, sales, and leadership into an In-service Manager career? If your answer is a resounding “yes”, look no further. Beginning January 2017, Bridgewater State University’s (BSU) Ricciardi College of Business will offer current and potential bank employees the opportunity to earn a Certificate in Credit Analysis.

June 27, 2016

South Shore Bank Celebrates Weymouth’s 4th of July Fireworks with a $2,000 Donation!

South Shore Bank has donated $2,000 toward the Town of Weymouth’s 2016 July 4th fireworks celebration, which will be held July 3 at George Lane Beach. Pictured at the Bank’s check presentation are (left to right) Weymouth’s Mayor Robert L. Hedlund; James M. Dunphy, President and CEO of South Shore Bank; Peter Webb, Sr., member of the Weymouth 4th of July Celebration Committee; Ronald Rizzo, Chairman of the Weymouth 4th of July Celebration Committee; and Kerry Knapp, Mayor Hedlund’s Assistant.

June 24, 2016

The first-ever Weymouth WeyFest took place this past Saturday, June 18, bringing together residents, local celebrities, and community organizations to celebrate their hometown with games, music, and much more. Event lead sponsor, South Shore Bank, was proud to welcome countless children and families to the festivities by hosting such fun activities as face painting and animal balloons.

June 21, 2016

South Shore Bank Tandems with QCAP

At the request of Quincy Community Action Programs, Inc. (QCAP), South Shore Bank staff will present multiple workshops to military, veterans, and Quincy area residents over the next several months. John Habeeb, SSB Regional Lending Manager, began the series May 26, 2016 with Foundations of Financial Independence, which addressed such topics as overcoming obstacles to success, financial goal setting, decreasing expenses/ increasing income, and creating a spending plan.

June 10, 2016

Buying your first home? Not sure where to begin? What kind of mortgage is right for you? How much can you afford? Get these answers and many others when you attend a First Time Homebuyer workshop. Open to all, regardless of income, these seminars are educational and recommended for all potential first time homebuyers. Participants will have the opportunity to speak with a lender to discuss many mortgage options.

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.